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Each of the various types of trusts available has particular advantages. An estate attorney can advise you about the type of trust that is most appropriate for you and your family situation. The testamentary trust and living trust will be discussed here.
A testamentary trust is a legal instrument contained in the will that sets up the management of assets for one or more beneficiaries following the death of the person creating the trust (grantor). This type of trust is …
Importance of Communication
• When the family is facing tough times, family
members need to lean on each other more
than usual. Talk to each other respectfully and listen to
each other’s concerns.
• Conflict and disagreements are normal, especially when family members are stressed. Give each person a chance to share his or her view of things, without interrupting or judging. Keep an open mind and listen for new information and good ideas.
• In tough times, family schedules …
Steps in the probate process include:
People respond to a personal crisis with many feelings: anger, anxiety, outrage, self doubt. They may be hostile – lashing out at those closest to them. Or, they may become moody and depressed. Their tension may show up as restlessness, loss of appetite, loss of interest in sex, insomnia, and feelings of apathy and exhaustion. While some of these symptoms may be unpleasant, they are normal, predictable reactions of people experiencing a loss or critical change in their lives.…
Several tools and planning options are available to ensure that your money, possessions, and real estate are passed on as you would like. All of these legal arrangements have advantages and disadvantages. Use of one or a combination of these tools will be based on your circumstances, your wishes, and the way in which you want to protect your loved ones after death.
Beneficiary Designation: Some assets pass by means other than a will; these include insurance policies, Individual Retirement …
If your family is going through tough times
financially, consider ways you can contribute.
Asking your parent(s) to talk with you the family budget and being
willing to take some action to help is the first
step to gaining respect and to demonstrate
responsibility as a family member.
Cost?savings things that you can do to help with family expenditures are:
• Turn off lights, televisions, or other
electronics when not in use.
• Take shorter showers to cut down on …
When you begin estate planning, it is important to understand property and the property rights associated with its ownership. The form of property ownership has an important impact on the degree of control during life, as well as how property will be taxed and distributed after death.
All estates are made up of property. It may be tangible property, intangible property, real property, or a combination of the three.
Tangible personal property is property that can be touched or felt, …
Doing Things Together as a Family
…for LE$$
Take advantage of local public resources:
• Spend time together at the park or local community festival.
• Go for hikes or bike rides.
• Go for a family picnic.
• Go swimming at the local pool, lake, ocean, or
springs.
• Take advantage of free programs offered by
the library, museums, and community bands
or orchestras, or other free community events.
• Check out books, music, and videos for free
from …
